Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.

Paris

Paris

Important Updates on World Market Index

*** N.B. Important updates (the latest one is May 22nd) on World Market Index found at this link...

EVENTS

UPCOMING ECONOMIC EVENTS...
* Mon. May 25 ~ U.S. Holiday: Memorial Day...markets closed
* Fri. May 29 @ 8:30 am ET ~ GDP + last trading day of the month
* Wed. June 3 @ 2:00 pm ET ~ Beige Book
* Tues. June 16 ~ 2-Day FOMC Meeting begins
* Wed. June 17 @ 2:00 pm ET ~ FOMC Meeting Announcement + 2:30 pm ~ Fed Chair Press Conference + FOMC Forecasts

Wednesday, November 30, 2011

Liquidity Solved...Unemployment is Not

The markets soared this morning after this news article was released regarding a coordinated action by major central world banks to provide liquidity to the global financial system as a preemptive strike against rising stresses in the banking system: http://www.reuters.com/article/2011/11/30/us-markets-global-idUSTRE7AK01K20111130

In contrast, there was no negative market reaction to today's monthly data release which showed a rise in the European unemployment rate to 10.3% (its highest level in 11 years), as shown in the graph below (provided courtesy of www.forexfactory.com):


The banks are happy...are the citizens?